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Precious Shipping PCL (BKK:PSL-F) Financial Strength : 5 (As of Mar. 2025)


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What is Precious Shipping PCL Financial Strength?

Precious Shipping PCL has the Financial Strength Rank of 5.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Precious Shipping PCL did not have earnings to cover the interest expense. Precious Shipping PCL's debt to revenue ratio for the quarter that ended in Mar. 2025 was 1.97. As of today, Precious Shipping PCL's Altman Z-Score is 1.72.


Competitive Comparison of Precious Shipping PCL's Financial Strength

For the Marine Shipping subindustry, Precious Shipping PCL's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Precious Shipping PCL's Financial Strength Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Precious Shipping PCL's Financial Strength distribution charts can be found below:

* The bar in red indicates where Precious Shipping PCL's Financial Strength falls into.


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Precious Shipping PCL Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Precious Shipping PCL's Interest Expense for the months ended in Mar. 2025 was ฿-145 Mil. Its Operating Income for the months ended in Mar. 2025 was ฿-15 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2025 was ฿6,760 Mil.

Precious Shipping PCL's Interest Coverage for the quarter that ended in Mar. 2025 is

Precious Shipping PCL did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Precious Shipping PCL's Debt to Revenue Ratio for the quarter that ended in Mar. 2025 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2025 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1401.09 + 6759.582) / 4147.976
=1.97

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Precious Shipping PCL has a Z-score of 1.72, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 1.72 is in distress zone. This implies bankruptcy possibility in the next two years.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Precious Shipping PCL  (BKK:PSL-F) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Precious Shipping PCL has the Financial Strength Rank of 5.


Precious Shipping PCL Financial Strength Related Terms

Thank you for viewing the detailed overview of Precious Shipping PCL's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Precious Shipping PCL Business Description

Traded in Other Exchanges
Address
No. 8 North Sathorn Road, G, 7th, 8th and 9th floor, Silom, Bangrak, Bangkok, THA, 10500
Precious Shipping PCL is a Thailand-based holding company engaged in the marine transportation business. It's involved in the business of owning and operating (chartering) small handy-sized and supramax dry bulk vessels, on a tramp shipping basis without any set routes. The chartering of the vessels is undertaken in two ways: time charter and voyage charge. Majority of revenue is from Time Character.

Precious Shipping PCL Headlines

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